Tencent and CLP Fund helped provide $58.8m of funding for the cancer data platform developer, whose early investors include Ping An.
China-based healthcare data platform operator Medbanks Network Technology has closed a RMB400m ($58.8m) series D round that included internet group Tencent, China Money Network has reported.
The round was co-led by CLP Fund, a vehicle owned by telecommunications equipment manufacturer China Electronics Corporation and investment banking firm CICC Capital, with asset management firm CDH Investments.
Investment and financial services conglomerate Fidelity also participated, through investment subsidiaries Eight Roads and F-Prime Capital.
Medbanks provides cancer and tumour data to oncologists, pharmacies…
